Help Give My Cousin Best Advice.. - Business - Nairaland
Nairaland Forum › Nairaland General › Business › Help Give My Cousin Best Advice.. (468 Views)
| Help Give My Cousin Best Advice.. by empire2017(op): 9:42pm On Jun 27, 2019 |
Good evening all, So this my cousin told me he wants to venture into pos business... Today we want to bank (fcmb) for enquiry, He was asked if wanted to buy or for bank to give him... The said if he wants to buy is 73k, while for bank to issue it out is 63k.. He was told that the disadvantage of buy-in it is that once it gets faulty, he is the responsible for replacement and the advantage is that he gets all profits to himself.. Now for bank to give him, the will service and replace it when faulty but bank are authorized to withdraw it from him if he doesn't make any transactions with it in 1 month.. Please his confuse as to which choice to make... Any advice here please... |
| Re: Help Give My Cousin Best Advice.. by Kaceman(m): 9:47pm On Jun 27, 2019 |
The second Option dey alright so far as they don't share his profit with him nothing spoil |
| Re: Help Give My Cousin Best Advice.. by empire2017(op): 9:51pm On Jun 27, 2019 |
Kaceman:The Said bank has 0.75% profit to make, while he has the rest of every transaction carried out with the pos |
| Re: Help Give My Cousin Best Advice.. by Kaceman(m): 7:56am On Jun 28, 2019 |
empire2017:Na wa its not even up to 1℅ the deal make sense make he do am |
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